Hotel
cap rates, hotel values and hotel transaction data are some of the most
sought
after information as transactions gain momentum in 2011. Fortunately,
Suzanne
Mellen of HVS is a real expert on these issues and she gave a wonderful
presentation on all this at Meet the Money® last week. Here it is
for those who
missed it.

Suzanne
R. Mellen is Senior Managing Director of the San Francisco and Las
Vegas offices
of HVS, a full-service consulting and valuation firm that specializes
exclusively in hotel, gaming, and related properties on a worldwide
basis.
Prior to establishing the San Francisco office in 1985 Ms. Mellen was
Director
of Consulting and Valuation Services for the firm in Mineola, New York.
Her
professional experience includes consulting and appraisal positions
with Morgan
Guaranty Trust, Laventhol & Horwath, and Helmsley-Spear Hospitality
Services, Inc. in New York City and with Harley-Little Associates in
Toronto,
Canada. She gained her operational experience with Westin Hotels at the
Plaza
Hotel in New York.

Ms.
Mellen has a B.S. degree in Hotel Administration from Cornell
University and
holds the following designations: MAI (Appraisal Institute), CRE
(Counselor of
Real Estate), FRICS (Fellow of the Royal Institution of Chartered
Surveyors),
and ISHC (International Society of Hospitality Consultants). She has
been
appraising hotels, casinos, and related real estate for over 30 years,
has
authored numerous articles, and is a frequent lecturer and expert
witness on
the valuation of hotels, casinos, and related real-estate. Among recent
articles written by Ms. Mellen are "Dramatic Decline in Hotel
Capitalization Rates Reflect Shift in Market Sentiment" and "The
Impact of Seller Financing Upon Hotel Values." She developed the
Simultaneous Valuation Formula, a mortgage-equity income capitalization
formula
for variable income properties, and developed the software for the
model.

This is Jim Butler,
author of www.HotelLawBlog.com
and hotel lawyer,
signing off. We've done more than $60 billion of hotel transactions and
have
developed innovative solutions to help investors be successful in
bidding for
hotel acquisitions, and helping investors and lenders to unlock value
from
troubled hotel transactions. Who's your hotel lawyer?

________________________

Our
Perspective. We
represent hotel lenders,
owners and investors. We have helped our clients find business and
legal
solutions for more than $60 billion of hotel transactions, involving
more than
1,250 properties all over the world. For more information, please
contact Jim
Butler at jbutler@jmbm.com
or 310.201.3526.

Jim
Butler is a founding partner of JMBM and Chairman of its Global
Hospitality
Group®. Jim is one of the top hospitality attorneys in the world.
GOOGLE
"hotel lawyer" and you will see why.

JMBM's
troubled asset team has handled more than 1,000 receiverships and many
complex
insolvency issues. But Jim and his team are more than "just" great
hotel lawyers. They are also hospitality consultants and business
advisors. For
example, they have developed some unique proprietary approaches to
unlock value
in underwater hotels that can benefit lenders, borrowers and investors.
(GOOGLE
"JMBM SAVE program".)

Whether
it is a troubled investment or new transaction, JMBM's Global
Hospitality
Group® creates legal and business solutions for hotel owners and
lenders. They
are deal makers. They can help find the right operator or capital
provider.
They know who to call and how to reach them.

JMBM’s
Global Hospitality Group®

The
hotel lawyers in the Global Hospitality Group® of
Jeffer Mangels Butler & Mitchell (JMBM) comprise the premier
hospitality
practice in a full-service law firm and are the authors of the Hotel Law Blog. We
represent hotel owners, developers, investors and lenders and have
helped our
clients find business and legal solutions for more than $60 billion of
hotel
transactions, involving more than 1,000 properties worldwide. For more
information
about the Global Hospitality Group®, go to www.HotelLawBlog.com.
For more information about full range of legal services provided by
JMBM, go to www.JMBM.com.